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Southwest Airlines Dropping Four Airports, Cuts Hiring
Southwest Airlines is cutting operations at four airports after losing $231 million in the first quarter.
The Dallas-based airline on Thursday reported lower expectations for revenue...
Labor Department Rule Would Grant Overtime Pay to Salaried Workers
A final rule announced by the Labor Department would expand overtime pay for millions of salaried workers.
GM’s First Quarter Topped Profit Expectations
General Motors has reported a first-quarter net income of $3 billion on revenue of $43 billion.
The world’s largest automaker increased its guidance for the...
FTC Announces Rule Banning Noncompetes
The Federal Trade Commission wants to ban noncompete clauses for American workers, and on Tuesday passed a final rule that does just that.
Stubborn Inflation Rate Could Push Rate Cuts to Later in the...
The hope for interest-rate cuts from the Federal Reserve early this year appear to be fading.
Fed Chair Jerome Powell is indicating that an inflation...
U.S. Pledges $6.6 Billion for Taiwan Chip Manufacturer
The Biden administration has indicated on several occasions that bringing semiconductor production to the U.S. is a priority.
On Monday, the administration put its money...